About your Search

20121202
20121210
STATION
CNNW 14
MSNBCW 11
CSPAN2 7
CSPAN 2
KQED (PBS) 2
WRC 2
CNN 1
FBC 1
KGO (ABC) 1
KTVU (FOX) 1
WBAL (NBC) 1
WJLA 1
WMAR (ABC) 1
WTTG 1
( more )
LANGUAGE
English 60
Search Results 0 to 49 of about 60 (some duplicates have been removed)
? and what are the consequences for the economy if there isn't one? we'll ask the president's lead budget negotiator, treasury secretary tim geithner. >>> then the view from capitol hill. are democrats as divided over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the vision for an economic rebound? >>> from nbc news in washington, the world's longest-running television program, this is "meet the press" with david gregory. >>> and good sunday morning. amidst a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a stand still, and the president is back on the campaign trail of sorts. this time to try to win in a court of public opinion for his plan to avert an automatic tax hike for everyone on january 1. that's where we'll start this morning with the po
and the demand for oil -- actually, and the demand for oil continues to decline based on fuel economy standards and other reasons. and yet, with this revolution we still continue to have a problem. and i think the report that we're releasing today, the national strategy for energy security and its subtitle really says it all -- harnessing american resources innovation. and the first point is, how do we leverage this abundance we have in the united states to our maximum benefit? at a time when washington is talking about our fiscal crisis i'd say that the relationship of our oil needs to this crisis itself are close. it might not solve our fiscal crisis but clearly it's a necessary ingredient. every recession in the history of the united states in moden times has been preceded by or happening concurrent with an oil price spike. if we don't have continued growth we can cut all we want and raise revenue all we want, but we'll never find a way to solve our fiscal troubles. and i think this report really looks at how do we leverage this great abundance, this great blessing in the united states, both
-breaking corporate profits show the economy is well on the road to recovery. what does it mean for workers? i'll give you some numbers and sam stein will be along with the conversation. >>> and world leaders say farewell to hillary clinton with a ringing endorsement. you'll want to see this video. michael tomasky on whether hillary clinton will make a run for the white house. share your thoughts on facebook and on twitter. we're coming right back. >>> welcome back to "the ed show." thanks for watching tonight. republicans are doing a lot of maneuvering on the fiscal cliff. president obama and the democrats have put forward a plan relying mostly on raising more revenue from the wealthiest 2% of the country. republicans rely mostly on cuts affecting the middle class and the poor and republicans aren't specific about how they get $800 billion in revenue. for the conversation, let's turn to richard wolffe, msnbc political analyst and vice president and executive director of msnbc.com. and molly ball, political reporter for "the atlantic." the republican proposal includes ryan's voucher program for medica
ever going to stop the tax increase. economy shrugged off hurricane sandy to create 146,000 new jobs, nearly double what forecasters had said, job creation for september and october was revised downward by a total of 49,000. another 350,000 people were so discouraged in november they simply stopped looking for work and left the labor force, which is why the unemployment rate dipped to 7.7%. >> raising taxes on small businesses is not going to help our economy and it's not going to help those seeking work. i came out the day after the election to put revenues on the table. take a step toward the president to try to resolve this. when he is going to take a step toward us? >> analysts say anxiety over the higher taxes from fiscal crisis is a reason that consumer confidence plunged in december. thompson reuters dropped to 74.5 in the consumer sentiment, lowest level since august. vice president countered that business leaders are telling him the economy will take off if there is a fiscal cliff deal. >> they have over $1 trillion out there to invest. if they think that the economy is goin
on us all. now through january 2nd. >>> record-breaking corporate profits show the economy is well on the road to recovery. what does it mean for workers? i'll give you some numbers and sam stein will be along with the conversation. >>> and world leaders say farewell to hillary clinton with a ringing endorsement. you'll want to see this video. michael tomasky on whether hillary clinton will make a run for the white house in 2016. share your thoughts on facebook and on twitter. we're coming right back. from easy, breezy, beautiful covergirl. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "the ed show." thank
the waiting game to see if country and the president take the economy off the fiscal cliff, president obama says he will not play the debt ceiling game again. but he is taking a few more shots in the public relations game. turning the screws on republicans, a little bit more. chief white house correspondent ed henry starts us off tonight. >> reporter: finally the blame for stalled budget talks on republicans, president ratcheted up the lesh on john boehner. >> no one wants to have this done more than me. >> reporter: telling agencies to watch for massive spending cuts from going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes, take us to brink of default again, i will not play that game. >> republicans held their own meeting with small business ow
of the economy is for everyone to pay more in taxes and guarantee a form of public goods. the most successful democracy is where it is structured around universe albens where everyone pays in and makes use of what the state provides. now, no leaders are making that argument. in the short run, they are right not to. getting rid of the entirety of the bush tax cuts for all brackets hurts the recovery. once we are in the recovery, we have to do at least that and more. the question is, does the death of the consensus mean american voters are ready to hear that? how will this president or the next make the case? joining me today, governor of connecticut, a senior research fellow at george mason university. senior economic director at naacp and a fellow at the roosevelt institute. it's great to have you all here. i like when i do these spiels, listen to withering criticism from the panel. what do you think of the thesis, at least about the politics of the undoing of the consensus? >> i think this focus on grover is just it's wrong. i mean grover is just one guy advocating for a position that i thin
on the economy today. really competing signs. it's not all good. first the good though the labor department reports the economy added 146,000 jobs last month that exceeds what the analysts had been predicting. and the unemployment rate went down significantly really from 7.9% in october to 7.7% in november. and that is the lowest rate in this nation in almost four years. but then there is. this the government reports the jobless rate fell largely because more americans just quit looking for work entirely. and now an estimated 22.7 million americans are either unemployed or under employed. meaning they have put the job search on hold or they are working part time for economic reasons what about super storm sandy. analysts say it cut slew of hours. 67,000 americans with full-time jobs worked part time for weather-related reasons. in november, after the storm, that number spiked to more than a million people. traders on wall street said at first they didn't know what to make of the data. but boy the end of the day the dow you was up 81 points to close above 13,100. ed henry is live at the whit
. >>> now to the numbers that at first glance look like they're very good news for the u.s. economy and the obama administration, the nation's jobless rate fell to 7.7% in november as employers added 146,000 new jobs. the jobless rate hasn't been this low during the entire obama administration, but that's only part of the story. a closer look also shows a big reason behind today's drop in the unemployment rate is that 350,000 people dropped out of the work force in november. they're discouraged, many of them are, that they simply quit and they're trying to find work. christine romans joins us from new york. we saw the unexpected drop in the unemployment rate, but christine, take us a little behind the numbers that make up the headlines. >> 7.7% is that unemployment rate, the lowest since december, 2008, from before the president took office. 146,000 jobs created, twice what economists have been expecting. they really didn't see the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on
group and give to the other. some say go to the clinton tax rate. we had a booming economy and creating more jobs. if increasing taxes increases economic activity, why don't we go to a 95% tax rate and then we'll really have a booming economy? the reason that no one proposes that is because no one really believes that. that's why the accelerated tax rate that's being recommended by the white house is also being proposed by another stimulus plan, a spending plan. here's the example that i can talk about with this. when people talk about just raise taxes in the upper 2%, well, here's an example of what's being proposed by the president. capital gains will go to 28.3%. dividends will go from 15% to 43.4%. now, i have a lot of people that will say to me, just raise it on the upper bracket. but when i tell them, can i tell you what that means? their taxes go from 15% to 43.4%, i have yet someone stop me and say, that's fair. it sounds so much easier to say, raise it on someone else, not on us. we have to solve the problem. just raising taxes doesn't solve the problem. we're spending $1 trill
the kinds of revenue from the wealthiest americans to help the economy grow and achieve deficit reduction and this puts us on a path towards a better economy. >> [inaudible question] what will he do at this moment? >> i would simply redirect that question to the republican leaders, who to this day, have not put forward any proposal on how they would achieve revenues and address the issue on the top 2%. there is no other way to do it, there is no other mathematically sound way to do it. making vague promises about achieving revenue through capping deductions were closing loopholes, it simply doesn't add up to a serious proposal. we haven't heard which deductions they would cap or which loopholes they were close. what is true is that other proposals that have been put forward include attempts to raise revenue only through closing loopholes and limited deductions can only achieve this if the middle class gets stuck with the bill. or if you have a proposal that is wildly limply unfeasible because it suggests that we would wipe out charitable deductions. it is simply impossible and getting som
of the biggest thing is that is killing the economy is something so big you got to say to yourself how come they can't take a little bit less to back up on its seat? >> guest: i am going to disagree with you a little bit. if you look at the percentage of investment, the exploration production of energy is very heavily involved, it is a very expensive item, and their profits are five to 8% on what they actually invest. microsoft and intel are much more profitable and they pay less in taxes than the percentage of the total revenue. so, people always focus on the gas prices. look at your heating bill. the natural gas movement brought down the price of natural gas about 80% of what we produce in terms of my state. it's about a quarter of what it was three years ago. that isn't always a good deal for the american people. it's actually bringing the industry back. this industry which is often vilified quite frankly is the one that is generating more jobs, more income, more opportunity than almost any other sector and it isn't as profitable as the high-tech. >> host: nelson in colorado springs. >>
economy. >> they could play havoc with the world economy. i think you would see a wave of terror across the region, potentially even here at home. i don't think, just for your personal, as per personal opinion, i don't think they would try to block the persian gulf because that would cut their own throats, but i would not be surprised to see them attack the oil facilities of other countries on the periphery of the gulf. and to do other things that would drive the price of oil through the roof but i think -- and i think you would see them behave in a very different way in both iraq and afghanistan. >> rose: based on everything you know, do you believe that they will respond to the economic embargo, the economic sanctions if we turn that screw as hard as we possibly can? >> i don't think the government will, if there is one thing that the iranians, saddam hussein, the north koreans and bashar al-assad all have in common is they don't care how many other people get killed. >> rose: even their own people? >> it is what happens to them that matters. so the question is, do those, can the sanc
that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, jus
're going to talk about the fiscal cliff, we're going to talk about the global economy. we're going to talk about the civil war in syria. we'll talk about the royal baby coming soon. first we want to get right to zoraida sambolin for an update on the day's top stories. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medica
market, and by being perceived as generally sort of willing to play chicken with the economy doesn't sound like a brilliant political move to me. jon: you think that's all talk? >> i think it's a game of chicken, i really do. i think that the republicans would probably get a lot of blame in the beginning, and that's maybe what they are thinking of and they are trying to scare the republicans, but over the long term there is just no way this administration wants to go overt fisca over the fiscal cliff. whether they are willing to turn the wheel last it's possible, but the idea that they are vying with the idea strikes me as preposterous. jon: you write that the news media is essentially biased against republicans and any conservative idea that wins here is not going to gain a lot of favor, so is it a case in which republicans are sort ever dammed if they do, and dammed if they don't? >> that's sort of been the theme of the last four years is that republicans basically can't win. part of what i proposed in that column was basically the shouldl back position of basically adopting or p
billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is live in washington. where do we stand at this point? >> reporter: two sides did do something today. they appeared on the sunday talk shows but they haven't negotiated an actual deal. john boehner blasted the white house plan which was put forward last week. boehner says the president essentially wasted the last three weeks since the election with nonsense. >> the president is asking for $1.6 trillion worth of new revenue over ten years, twice as much as he been asking for in public. stimulus spending that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: and boehner says he was flabbergasted when he was given the proposal. >> heather: and democrats are defending themselves? >> treasury-secretary tim geithner on fox news defending the president's plan for raising revenues, cutting spending and reduce the d
. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible crash. a jewelry store gets a drive-through. an employee inches from a very different outcome. >>> and 24/7? is round-the-clock shopping the next trend in holiday retailing? one megadepartment store is betting on it. >>> good friday morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake we have felt in tokyo this year. to give you an idea of the intensity, in japan, they have a one to seven scale. this was about a five. it's a very strong quake, felt all the way out here. the big concern right
they were in 1980 or 1950, the question is given the world today and the other economies do we have a competitive tax system and i think our slow going economy under president obama says we don't. >> the new york times though makes a mention of, just a sort of a passing mention in this massive article, by the way, about the need to cut spending like one or two sentences about the need-- >> and i think that milton freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies
are an economy that is driven by consumer demand. i cannot think of anything that would be more guaranteed to put the economy in a recession than increasing the price of all goods and services that we purchase by 20-25%. >> host: we'll give brad on twitter the last word here. he says negotiate and simplify, let the republicans lower taxes and get rid of the amt. john buckley, thank you for your help this morning in helping us try to understand the alternative minimum tax, appreciate it. >> guest: okay, good. >> in a few moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and
's rate of unemployment stands at a four-year low. it is now 7.7% with the economy adding nearly 150,000 new jobs last month. the numbers issued by the labor department. a loss of manufacturing jobs did serve to dampen the outlook going forward. the manufacturing sector shed 7,000 jobs last month. the positive side, again, hurricane sandy appears not to have been the job killer many had feared. the labor department says the havoc wrought by sandy had no substantial impact on the unemployment picture. with us now, jill schlessinger, editor at la w manyre the jobs aart me ,ow m t are seasonal jobs? >> not so many seasonal. we saw some broad based gains and we continue to see some really robust gains in retail, in business services, health care is really continuing to show great improvement. you mentioned manufacturing. mentioned one other area, 20,000 jobs lost in construction. that may be a little bit of sandy related. >> but also, one of the interesting things, you looked at the numbers and said there was 300,000 people that said weather did affect the job surge. why is that not con
our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >>> holiday hiring may have given a big boost to the jobs report released yesterday. retail hirers hired more people than any month on record since 1939. 146,000 jobs were added to the economy last month, and the unemployment rate fell to a four-year low of 7.7% partly because thousands have just simply stopped looking for work. >>> more good news for your wallet. gas prices are down to an average of $3.36. it is the 16th consecutive time the price has dropped. the highest price for a gallon of regular is in high where it's $4.02. >>> he served his party as a republican, and now charlie crist is a proud democrat. he posted a twitter photo showing his registration papers, showing he is proud and honored to join the party in the home of president obama. crist ran for the u.s. senate as an independent in 2010, but was defeated by marco rubio. some are speculating this move is in p
crisis. citigroup had survived with the help of two taxpayer bailouts. meanwhile the economy still missing the mark on adding jobs nationwide. employers added fewer new jobs last month and economists were opening and expecting. according to the payroll firm adp the private sector added 118,000 jobs in november. analysts had predicted a gain of 125,000. members of congress watched the attack play out in realtime at a classified briefing today on capitol hill. lawmakers say the national intelligence director showed them video of that attack that killed our u.s. ambassador to libya chris stevens and three other americans on september 11th of this year. catherine herridge live on capitol hill with more. catherine? >> well, thank you, harris. good evening. lawmakers say that this brief was constructive and that at times the videos were hard to watch. >> this was supposed to be sovereign u.s. territory and people can just come in and walk in on us like that without any kind of resistance, really makes your blood boil because you are thinking to yourself where is the security? >> to the d
americans gave up their search. at the same time, the u.s. economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see people work. and try to get jobs. it is critical. >>shepard: what impact did super storm sandy? >>gerri: not so much. however, there were a million people that were working part time rather than full time and that is ascribed to hurricane sandy. normally you do not expect that. >>shepard: the matters went, so what. >>gerri: well, they saw that the 350,000 number and they thought they didn't like that and the market pulled back a little. we have had back-and-forth situation on that, starting off 74 up on the dow and now we are down. >>shepard: better than
our economy on sound footing for the future is not enough. we are calling for a framework to build out over the last ten years to reduce the deficit and restructure the fiscal policy. succumb as eventually to bring the budget into balance they must raise more revenue and encourage growth we must include parameters defined and future levels of debt as a share of the gdp and a date by which the budget will balance. and it must include changes to the discretionary spending, entitlements as well as defense. the elected leader should launch and extradited process to enact the legislation that will construct this remark in 2013 and putting powerful, the appropriate defaults and enforcement mechanisms. without a recalibrating sustainable fiscal policy, the united states international standing will decline and its national security will be undermined. such an outcome would be bad for the united states and in our view bad for the world. as pete said, she and i are joined here today with three distinguished individuals hoffa. we made a difference and had to come up with tough solutions to very c
with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution for the alternative minimum taxes, will not be passed that does not get resolved you have 20 million more americans who have to pay this tax otherwise wouldn't and again that could be good leverage for the republicans. how do you see that issue playing out? >> that is a big one because alternative minimum tax largely hits blue states, democratically states like maryland, new jersey, new york, connecticut, california, illinois, all of those are democratic strongholds so they can save the white house were not going to patch it unless you give us something we would like, that gives them a little bit more negot
look at the debt in the u.s. economy by the mid-90s there was more consumer debt and industrial that, so your integrating the working class. and you raise the question of international. a lot of the companies, financial companies that are investing in u.s. mortgages are coming from abroad. so it's international companies looking to u.s. markets because they are deep, safe in terms of protecting property. one thing i want to emphasize about volatility. sometimes when you say there's a chance, well, everything is relative irrational. i'm not talking about speculation and a fraud and the craziness. but of course there is all the craziness. of course there is all the speculation, but the problem is that it's all necessary, it's off and necessary part of global capitalism. having this kind of crazy financial system is actually an essential part of capitalism. >> let me turn that question. want to come back to it even further later on. but where you're going with this notion and the disciplining aspects of it with regard to the working class and also there's a point in the textbook, in you
on the u.s. economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither political party wants to keep it going, therefore the tax -- the social security tax for everybody who works goes up as of january 1. that will take $120 billion out of the economy. it is a tax increase of $120 billion. martha: the bush tax cuts and letting them go versus this increase. how does it all balance out? >> reporter: just consider this. you reported 370,000 people filed for first-time unemployment cla
the violence unacceptable. >>> and back here at home, we get a new snapshot of the economy this morning, when the government releases its jobs report for the month of november. it's believed that several factors combined seriously hampered last month's hiring. among them, concerns about the looming fiscal cliff. and other factors, as well. abc's tahman bradley has that story from washington. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding th
will be able to be more prosperous and able to help others protect our economy from reckless and dangerous spending that is going on now, and that we protect the integrity of our legal system from erosion. i conclude this treaty is unnecessary and dangerous as to our sovereignty. so let's do more for the disabled worldwide. i will be supportive of that. an international organization -- i think the chair. i yield the floor. let me include one more thing. i am starting to view that we as a nation need to be more legally aware of the dangers of signing agreements with foreign nations to regulate internal affairs, even if it's not -- we are not giving weaker powers. i just don't think it's necessary. i think the past that. i'm opposed to that. i think in the long run we will have difficulty. mr. president, i yield the floor and reserve the balance of my time and my colleagues would like to speak on this matter. >> [inaudible] >> mr. president, i recognize the senator from arizona for seven minutes. >> the senator from arizona. mr. president, i come to the i've come to the floor with a bit of h
personal terms. obviously would also have an impact on our economy because if this family has a couple thousand dollars less to spend, that translates to $200 billion of less consumer spending next year. >> reporter: now, the president said that this is a solvable problem. he remains optimistic. he says that there needs to be some certainty for families who are concerned about their taxes going up, for businesses who are making plans about whether they'll add investments or add employees in 2013, so he's pushing congress to act, wolf. but i can tell you that republicans simply are not seeing eye-to-eye with the president. they also don't want to budge, don't believe the taxes should go up even on the wealthiest of americans, wolf. >> i know they had a phone call -- a phone conversation yesterday the president and house speaker john boehner, has there been any follow-up that we know of? are they talking on the phone? are they gearing up for an actual meeting? john boehner staying in town while this crisis continues. >> repr: that's right, lf. he is. and we are told that no additional ca
debt over the years and accumulate debt faster than the economy can grow. that's not sustainable. the grand bargain is that we have to do something about this, and the things we have to do are slow the growth of spending, especially the health care programs like medicare and medicaid for older people, and we need more revenue. we have to reform our tax system so we collect more revenue. it's not possible to do all of that between now and the end of the year when this fiscal cliff thing hits, but the government could put in place a framework. that's what they are arguing about now, what is the framework for the grand bargain that we will fill in the details in the next congress? >> one of the biggest fundamental reforms though that you say needs to happen is with those entitlement programs, so what exactly needs to change right now, and what would you say needs to stay? >> well, nobody is for abolishing medicare, for example. everybody is in favor of medicare. it's a very important program for seniors. it's paid the cost of health care for seniors over many years. we're going to h
with governors there. they're going to be talking a whole lot about money, how to keep our economy growing, and, of course, how to reduce the deficit. on thursday we'll have all eyes on washington actually. talking about same-sex marriage. two very controversial changes in washington. same-sex marriage will become legal there, and we'll also, of course, they'll be legalizing pot. those over 21 can carry up to an ounce of pot starting on thursday in washington. on friday yet another jobs report. the november jobs report this time. 171,000 jobs were added, you may recall, in october, but experts think that maybe superstorm sandy might have slowed the growth this time around. we'll see if that really does have any affect on that jobs report coming out on friday morning. on saturday college football fans pay close attention here. the heisman trophy winner will be announced. we'll find out who the best player in college football really is. >>> who was the only sitting president married in the white house. if you know the answer, tweet me@randi kaye cnn. we'll have the answer after this quick break.
goes into effect and economists say that can be devastating for the economy in early january. >> thank you so much, sir, do appreciate you. >> thanks. >>> closely tied over taxes is entitlement reform. a top republican said today he'll drop his plan for higher revenue unless democrats take a look at revamping medicare, medicaid, and social security. >> i'm serious about revenue. you can limit deductions to $40,000 or $50,000 a person, which takes care of the middle class. upper-middle income americans will lose their deductions, but i'll only do that if we do entitlement reform, and the president's plan is quite frankly a joke. >> as the country inches closer to the fiscal cliff, is there a way to avoid falling over it? joining me live from los angeles, democratic congresswoman maxine waters. congresswoman, always a pleasure to see you. >> hello, how are you? >> tim geithner saying today the administration would deal with social security at a later date. are democrats serious about entitlement reform? >> no, democrats are not furious, except we understand and will insist that social se
and helping the president to continue to rebuild this economy from the middle class out. that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and my colleague congressman tim walls, filed a discharge petition today to take the bill that we have, that has already passed the senate, that grants certainty to the middle class, to take that bill up and make sure that we can extend the middle class tax breaks before the holidays where we can give -- that's what everyone agrees on. i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're
1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> our second story "outfront," a stern warning to syria. the use of chemical weapons is unacceptable. nato says the use of these weapons of mass destruction will be met with an immediate reaction from the international community. former british prime minister and middle east envoy tony blair had the same message for bashar al assad earlier today with soledad o'brien on "starting point." >> if there was any sense at all that assad was going to use chemical weapons or did use chemical weapons against his people, i would expect a tough response that would be military. >> the question tonight is what role will the united states play in such a quote, unquote, military response? "outfront" tonight, peter brooks, former deputy as
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. >>> our second story "outfront," a stern warning to syria. the use of chemical weapons is unacceptable. nato says the use of these weapons of mass destruction will be met with an immediate reaction from the international community. former british prime minister and middle east envoy tony blair had the same m
to keep 98% of the bush tax cuts in place for the betterment of the economy. >> it's so much bigger than that. >> they have won. >> republicans won. >> we have won. tax breaks. >> so to give a couple of percentage points to 2% of people. >> it could be so much bigger because the conversation has been shifted to how do we reduce our deficit. >> brian sullivan, thank you so much. greatly appreciate your insights. thanks for being with us on "way too early." you can catch brian on cnbc's "street signs" at 2:00 p.m. he is the hardest working man in show business, or at least on the other side of the river. >>> coming up this morning, we've got republican senator tom coburn. can't wait to talk to tom. also, tom cole will be here on set. that's great. we're going to ask him what he was thinking last week. i'm joking. congressman. also, democratic senator claire mccaskill. can you believe this? and congressman chris van hollen. also, we're going to bring in former national security adviser dr. brzezinski. and straight ahead, mike allen with the top stories from "politico." and mika should be je
of the e.u. strategy. >> it's crucial for our economy. it's part of the -- we want to do it for growth and jobs. to work in transport sector -- and it's very, very important for europe, also for our investment. >> the e.u. hopes that the space sector will account for 20% of its gdp by the year 2020. the u.k. space agency has been $2 billion for the european space agency programs. the space agency already contributes 9.1 billion or $14 billion to the u.k. economy. for europe investing in space is investing in the future. >>> medical marijuana is already legal in several states in the united states. now, voters in washington state and colorado have ok'd the recreational use richard branson says yes. >> simply proposed with the harder drugs is do what portugal has done and that is, you know, let the state set up clinics throughout america that if you have a drug problem, you go to that clinic. give them the methodone until they're ready to come off, and when they're ready, you use a drug clinic that costs one-third of the price of a prison medical record to get them back into society. >>
to repair this economy to get people back on their feet to restore upward mobility and opportunity in america? >> you know, this will have a big saying in whatever they vote to do to avoid the fiscal cliff. tea party type groups saying it is going too far in raising revenues which is interesting because ryan is considered to be a hero to many in the tea party movement. >> some conservatives actually complaining because it was news to them, the boehner plan and the people who signed it, it didn't include enough different points of view, enough people in the party. all right. paul steinhauser, nice to see you, paul. >> thanks. >> 34 minutes part the hour. >>> new york city police say the man being requested for allegedly pushing a man into the path of an oncoming train is implicating himself. there it is for you to see this be they're arguing on the subway platform. a "new york post" photographer who shot a controversial front-page photo of the man trying to climb up from the tracks is explaining himself. he's writing in today's paper, he says it's unfair for people to condemn him. h
's consistent with a nation that has an ability -- has a building economy. what we don't know is their overall intention and strategy and that tends to be something we'd like to learn more of. >> more with admiral jon greenert, the chief of naval operations in just a moment. you're watching "this week >>> we're back with admiral jon greenert, the chief of naval operations. your counterparts have been setting their priorities. general welsh, the air force chief of staff has set out his priorities. what are your top three priorities? the missiles. >> we've got to get that right. we need to bring the joint strike fighter in. it is a key and critical part of our air wing, very important. we need to bring the little combat ship in correctly, integrate it in the fleet right. it will be a mainstay in our fleet for the future. those three programs are my big ones. >> the lcs has come under a lot of criticism. there are people who say it's too light on capabilities, too small, the crew size isn't right. why is it the lcs the right ship for the navy? >> first, it's not a destroyer and we shouldn't chara
Search Results 0 to 49 of about 60 (some duplicates have been removed)